RBI annual report: Currency printing costs surge 59% in 5 years
₹500 notes remain dominant, accounting for 40.9% of the total volume and 86% by value The printing cost of currency notes has surged by around 59 per cent over the last five years, while the supply has increased by around 36 per cent, the Reserve Bank of India’s annual report revealed.According to the report, expenditure on printing notes was over ₹4,000 crore in FY21, which surged to over ₹6,300 crore, showing a growth of 58.8 per cent. During this period, the supply of notes went up to 3,030 crore pieces...